Surely you can. You can be the guardian and operate his account. You cannot trade often but share transfer can be done to your dmat. Few IPOs DO NOT allow minors to apply. But most others do allow the minors to apply.
Mostly 3-in-1 like kotak and axis don''t open minor a/c but the ones like sharekhan will open minor BSDA.
You can open minor Demat account to be operated by father with your IT PAN. For IPO you may make application either in minor operated by you or your own name but only one application will be allowed as both will have same IT PAN .
No Good brother. you''re wrong. You should obtain a PaN card in minor''s name. Open a dmat account in minor''s name using Minor pan card and NOT FATHER''S PAN CARD.
1407. ammubutter| Link| Bookmark|
February 5, 2017 1:01:57 PM
Top Contributor (200+ Posts, 200+ Likes)
Respected modulator......soon a coloumn for supermart please.......
After getting NO allotment in BSE, i am back with vengeance (Now 7 accounts in my control for 7 applications). My plan is ,if i get several allotments, sell all except with 1 lot for portfolio. lets see.
1405. Eagleye| Link| Bookmark|
February 5, 2017 8:38:40 AM
IPO Guru (6600+ Posts, 21900+ Likes)
I am now looking forward to the next 2 IPOs to come in the second half of February:
1) Avenue Supermarts Ltd, which runs the D-Mart store chain & 2) Security services firm Security and Intelligence Services (India) Ltd (SIS)
1405.1. Eagleye| Link| Bookmark|
February 5, 2017 8:39:15 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Avenue Supermarts is planning to raise around Rs1,870 crore through its IPO. It will use around Rs1,080 crore from the proceeds of the initial share sale to repay debt, according to its DRHP. The company also plans to spend Rs366 crore to open new stores.
Mumbai investor Radhakishan Damani started D-Mart in 2000. Avenue Supermarts, which opened its first D-Mart store in Mumbai in 2002, had 112 stores as of September 2016, covering an area of 3.4 million sq. ft across 41 cities in Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh, Chhattisgarh and the National Capital Region.
Avenue Supermarts revenue grew at a compounded annual growth rate (CAGR) of 35% from Rs4,702.3 crore in financial year 2013-14 to Rs8,606.1 crore in the financial year 2015-16.
It has hired Kotak Mahindra Capital Co., Axis Capital, Edelweiss Financial Services, HDFC Bank, ICICI Securities and others to manage the IPO.
Jan 20 2017 http://www.livemint.com/Companies/0TVDwAPj9nKoEGq5D0TJgO/DMart-parent-security-firm-SIS-eye-IPO-launch-next-month.html
Jun 30 2016 http://www.livemint.com/Money/QBvhVNGZCJ1nx3ea2MjQfJ/DMart-parent-Avenue-Supermarts-working-on-Rs1200-crore-IPO.html
Feb 18 2016 http://www.livemint.com/Industry/HhV1jLjgKXCowsdPaeJyKN/Giving-Indian-shoppers-less-means-big-bucks-for-DMart.html
Oct 13 2015 http://www.livemint.com/Companies/3yGnE7gAVvEzfx4ZRzL8XI/Focus-on-core-business-helps.html
1405.2. Eagleye| Link| Bookmark|
February 5, 2017 8:40:07 AM
IPO Guru (6600+ Posts, 21900+ Likes)
SIS is involved in the business of private security services and facility management. It also provides cash logistics services and electronic security services. CX Partners bought a 20% stake in the security services firm for Rs500 crore in 2012, valuing it at Rs2,500 crore. The SIS IPO will see private equity firm CX Partners sell part of its stake in the company through an offer for sale. The company will raise around Rs362 crore in primary capital to repay part of the company’s debt as well as to fund working capital requirements. The fresh issue and offer for sale together will be worth around Rs1,000 crore. SIS has hired Axis Capital, ICICI Securities, IIFL Holdings, Kotak Mahindra Capital to manage the share sale.
Why rate 290 ? It becomes P/E about 50. If we compare other country''s listed peers - world''s super market giant Wal Mart is at P/E 14, Target at 12 and Costco at 30.
Fantasy i found that u are very negative on bse. May b u dont like this stock or u hv any hidden agenda on bse. R u willing to make everyone sell and u buy on dip.
Snowman Logistics Limited has informed the Exchange that the Company has signed a Memorandum of Understanding with The Government of Andhra Pradesh on January 28, 2017 at the 2nd Sunrise Andhra Pradesh Investment Meet & 23rd edition of CII Partnership Summit in connection with setting up of a temperature controlled warehouse at Sri City, a special economic zone located in Chittoor District, Andhra Pradesh involving an investment of approximately Rs.30 Crores. Snowman plans to build a 10000 pallet position multi-temperature cold storage in phased manner, starting with 5000 pallet positions in phase-I. The project will be financed mostly from internal accruals. The facility is expected to cater to the existing and upcoming food processing units in the area.
One can also take mangalam drugs(result play) ...though i hv @lower lvls but still this one has good upside left IMO
1401.2. gala| Link| Bookmark|
February 5, 2017 10:56:03 AM
IPO Mentor (500+ Posts, 200+ Likes)
Just wanted to thank you Gamble .... Ur calls have earned me and most people alot .... JK Tyre , mangalam , IBHSG, JK bank , some of ur FD calls , and ur IPO reviews too .... Many more such reviews ... Thankyou .... Will buy talbros auto in 2/3 lots await ur review ..
MIC - good result . profit up by 58% . Board meeting on 18feb , to decide conversion of debt into equity. What''s ur view gamble ji should I wait till 18 or book profit on monday ? My buying price is 14.44
1401.7. gamble| Link| Bookmark|
February 12, 2017 10:21:50 AM
(1600+ Posts, 3900+ Likes)
Yes short term viewer can book partial if tommo up by 10-12%......!
Keep holding it and wait for 250 in next six months ...safe and strong stock,
1399. RJ Rocks| Link| Bookmark|
February 4, 2017 6:40:27 PM
Top Contributor (400+ Posts, 200+ Likes)
Dear Septa/Gamble/Egleye I am new here. I have 100 share of Vguard @216 since last 3 moths. Recently V guard declared bonus share 5:2, how i get it and when? Waiting for your valuable response.
The bonus shares will get credited in your demat account after the ex bonus date. You just have to hold the shares in your demat account and do nothing.
Hello bhai you do nothing bonus shares automatically credited to your demat a/c. But note that bonus ka matlab kuch free ka nhi hai.Share ka price bhi adjust ho jata hai yani kum jata hai.It is good stock stay on it.
1399.4. CLD| Link| Bookmark|
February 5, 2017 5:41:28 AM
Top Contributor (500+ Posts, 100+ Likes)
Mr. RJ Bonus announcement has been made on 30.01. No record date is fixed yet. You have to hold till ex-bonus date to be eligible for bonus shares.
In future don''t pose such Qs. All answers are available on moneycontrol.com or simply google the question.
1397. CLD| Link| Bookmark|
February 4, 2017 6:06:04 PM
Top Contributor (500+ Posts, 100+ Likes)
Septa ji Your average purchase price in BSE LTD on listing day I assess is around 1140 if you have taken uniform quantity each time you picked from 1190 to 1115. It is ruling at 1069 now. Are you going to pick up more on monday? Any stop loss you have thought?
1397.1. Septa| Link| Bookmark|
February 5, 2017 10:11:19 AM
(4000+ Posts, 4600+ Likes)
Actually my average price is 1128 just my purchase price average is 1145 however got 54 shares allotted so average holding price drop to 1128.
With regards to buying more I will wait closed at 1069 which is 5% approx loss on total holdings so averaging now does not make sense If it here then surely will buy more
1397.2. Septa| Link| Bookmark|
February 5, 2017 10:13:16 AM
(4000+ Posts, 4600+ Likes)
I meant if here will add more
1397.3. Septa| Link| Bookmark|
February 5, 2017 10:17:03 AM
(4000+ Posts, 4600+ Likes)
For some reason the whole phrase is not getting posted
I S a i d I. W i l l B u y M o r e I f d r o p M o r e t h e n 10% f r o m H e r e
Forum modes pls check why the phrase is getting deleted
Dear Eagleye, Please share your expert advise on BSE because of four (4) mutual fund company buy almost nearby 40 lakhs shares on 3rd February,2017 in a view of that what is your target in next upcoming few days & before end of this March-2017.
Good for short term or long time like 6 months to 1 year
Dear Eagleye, Please share your expert advise on ENDURANCE TECHNOLOGIES LIMITED target price before its 3rd quarter result on 8th February,2017 & before end of this March-2017